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A company reported net income of $245,000. The company sold equipment for $52,000 (original cost was $100,000: book value at time of sale was $60,000).
A company reported net income of $245,000. The company sold equipment for $52,000 (original cost was $100,000: book value at time of sale was $60,000). The comparative balance sheet shows a decrease in accounts receivable of $19,000 for the year, a $13.000 decrease in accounts payable: a $6,000 increase in prepaid expenses. The income statement reports $17.000 depreciation expense. What is the amount of net cash provided (used) by operating activities? Format guidance: Enter whole number only. Round to the nearest whole dollar. No dollar sign. comma, or decimal point. If there is net cash provided by, enter as a positive number. Examples: 1003 or 20058 If there is net cash used by, enter as a negative number. Examples: -1003 or-20058 Next Previous
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